{"id":23948,"date":"2019-03-13T00:00:00","date_gmt":"2019-03-12T23:00:00","guid":{"rendered":"http:\/\/nuovowww.collaudo.istat.it\/non-categorizzato\/labour-market-iv-quarter-2018\/"},"modified":"2024-06-08T21:52:48","modified_gmt":"2024-06-08T19:52:48","slug":"labour-market-iv-quarter-2018","status":"publish","type":"post","link":"https:\/\/www.istat.it\/en\/press-release\/labour-market-iv-quarter-2018\/","title":{"rendered":"Labour market"},"content":{"rendered":"<p>The year 2018 was characterized overall by a new growth in employment \u2013 concerning both absolute values and rate \u2013 which involved also young people aged 15-34. Moreover, the drop in unemployed combined with the decrease in the number of inactive persons.<\/p>\n<p>During the 2018, framework on employment worsened slightly. In the fourth quarter of 2018 employment decreased compared with the previous quarter, in a context of rising unemployment and decreasing inactivity. Such labour market dynamics reflected the decline in economic activity observed in the same period, characterized by a decline in Gdp (-0.1%) for the second consecutive quarter and after 14 quarters of expansion. As regards labour input, the GDP reduction was associated with diminishing hours worked on a short-term basis (-0.3%) and a slowdown in growth on an annual basis (+0.4%).<\/p>\n<p>On the labour supply side, in the fourth quarter of 2018 employment decreased compared with the previous quarter (-36 thousand, -0.2%), as a result of a modest decrease of employees, in particular fixed-term employees, and a more accentuated reduction of self-employed. The employment rate remained stable at 58.6%. In the most recent monthly data (January 2019), net of seasonal effect, the employment rate remained static and the number of employees showed a slight increase compared with December 2018, as the result of a fall both of self-employment and fixed-term employees, more than offset by the increase of permanent employees.<\/p>\n<p>The year-on-year trend showed a growth of 87 thousand employed people (+0.4% in one year), concentrated among temporary employees and self-employed (+200 thousand e +12 thousand, respectively), against the decline of permanent employees (-125 thousand). The incidence of temporary employees on the total number of employees reached 17.1% (+1.1 points) in 2018. The increase in full-time employment slowed down, whereas the number of part-time workers has increased again, as a result of the further increase of the involuntary component, whose incidence rose to 64.4% (+3.2 points) of part-time workers and to 12.0% of total employment.<\/p>\n<p>In the yearly comparison, for the seventh consecutive quarter, the decrease in the number of unemployed continued albeit at a slower pace (-105 thousand in a year; -3.6%), involving both genders, all age groups and widespread throughout the geographical areas, with the exception of over-50. After the growth observed in the previous quarter, inactive people aged 15-64 decreased again (-100 thousand in a year; 0.8%). The unemployment rate increased in comparison with the previous quarter but decreased compared to the previous year, while inactivity rate (people aged 15-64) declined both in comparison with the previous quarter and with the previous year. Conversely, in the monthly data for January 2019, on a short-term basis, both the unemployment rate and the inactivity rate were stable at the same time.<\/p>\n<p>In the flow data, permanence in employment showed a decrease, especially among young people aged 15-24 and people with a post-secondary school certificate. Transitions from non-employment were mainly towards inactivity and involved more often young people aged 15-24, men and the South and Islands area.<\/p>\n<p>In enterprise data short-term signs of growth of labour demand were confirmed, with an increase in employee jobs by 0.3% on the previous quarter and by 1.8% year-on-year, derived from the growth both in industry and services. Compared to the increase in employee jobs, there was a decrease of hours worked per employee on a quarter over quarter basis (0.2%). A decrease of hours worked per employee was observed in comparison with the same quarter of the previous year (-0.8%). In addition, the use of short-time working allowance hours continued to decline. The job vacancy rate increased either compared with the previous quarter or year-on-year, respectively by 0.1 and 0.2 percentage points. Labour cost increased by 0.3% compared to the previous quarter and by 1.9% compared to the same quarter of the previous year, as a result of an increase in social security contributions (+0.3% on a short term basis and +4.5% on an annual basis) and in wages (+0.3% compared to the previous quarter and +1.0% on an annual basis).<\/p>\n<p><strong>Note<\/strong>. On 13 March 2019 at\u00a05:00 p.m. the attached full text has been replaced due to data correction on the large municipalities at page 5 in the \u201cFocus on the territorial trend of labour force in 2018\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The year 2018 was characterized overall by a new growth in employment \u2013 concerning both absolute values and rate \u2013 which involved also young people [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4082],"tags":[3353,3296,3595,3301,3495,3196,3229,3686,3140,3297,2968,3208,3323],"regione":[],"tema":[4067,4071,4068],"class_list":["post-23948","post","type-post","status-publish","format-standard","hentry","category-press-release","tag-earnings","tag-employed","tag-enterprises-labour","tag-hours-worked","tag-labour","tag-labour-cost","tag-labour-market","tag-number-of-jobs","tag-redundancy-funds","tag-social-contributions","tag-flash","tag-unemployed","tag-vacancies","tema-industry-and-construction","tema-labour","tema-services"],"meta_fields":{"data_pubblicazione":"20190313","descrizioneperiodo":"Fourth quarter 2018","titolobreve":"Labour market","news":"In IV Quarter 2018 employment decreased compared to the last three months","news_rss":"During the 2018, framework on employment worsened slightly. In the fourth quarter of 2018 employment decreased compared with the previous quarter, in a context of rising unemployment and decreasing inactivity. Such labour market dynamics reflected the decline in economic activity observed in the same period, characterized by a decline in Gdp (-0.1%) for the second consecutive quarter and after 14 quarters of expansion. As regards labour input, the GDP reduction was associated with diminishing hours worked on a short-term basis (-0.3%) and a slowdown in growth on an annual basis (+0.4%).","sottotitolo":""},"acf":[],"wpml_current_locale":"en_US","wpml_translations":[],"tags-info":[{"id":3353,"label":"earnings","slug":"earnings"},{"id":3296,"label":"employed","slug":"employed"},{"id":3595,"label":"enterprises labour","slug":"enterprises-labour"},{"id":3301,"label":"hours worked","slug":"hours-worked"},{"id":3495,"label":"labour","slug":"labour"},{"id":3196,"label":"labour cost","slug":"labour-cost"},{"id":3229,"label":"labour market","slug":"labour-market"},{"id":3686,"label":"number of jobs","slug":"number-of-jobs"},{"id":3140,"label":"redundancy funds","slug":"redundancy-funds"},{"id":3297,"label":"social security contributions","slug":"social-contributions"},{"id":2968,"label":"statistics flash","slug":"flash"},{"id":3208,"label":"unemployed","slug":"unemployed"},{"id":3323,"label":"vacancies","slug":"vacancies"}],"categories-info":[{"id":4082,"label":"Press release","slug":"press-release"}],"_links":{"self":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/23948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/comments?post=23948"}],"version-history":[{"count":0,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/23948\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/media?parent=23948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/categories?post=23948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tags?post=23948"},{"taxonomy":"regione","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/regione?post=23948"},{"taxonomy":"tema","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tema?post=23948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}